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10 Best Forex Brokers in UK (United Kingdom) revealed.
We have rated and reviewed the best Forex Brokers accepting UK Traders. This is a complete listing of regulated Forex Brokers in the UK. In this in-depth write-up you will learn:
and much, much more!
ECN Brokers are non-dealing desk brokers that use electronic communications networks (ECNs) in order to give traders direct access to other participants in equity and currency markets.
 Broker |  FCA Regulated |  Minimum Deposit (USD) |  Minimum Deposit (GBP) |  Open an Account |
 AvaTrade |  Yes | $100 USD | £82.14 GBP |  Click Here |
 XM |  Yes | $5 USD | £4.11 GBP | Click Here |
 Pepperstone | Yes | $10 USD | £8.21 GBP | Click Here |
 XTB | Yes | $100 USD | £82.14 GBP | Click Here |
 Admiral Markets | Yes | $25 USD | £20.53 GBP | Click Here |
 FXTM | Yes | $10 USD | £8.21 GBP | Click Here |
| FP Markets | Yes | $100 USD | £82.14 GBP | Click Here |
| CMC Markets | Yes | $10 USD | £8.21 GBP | Click Here |
| eToro | Yes | $50 USD | £41.07 GBP | Click Here |
| Interactive Brokers | Yes | $0 USD | £0 GBP | Click Here |
Overall, Avatrade is considered a low-risk and can be summarised as a trustworthy forex broker. Avatrade guarantees fast trading speeds and certain trading conditions regarding spread and security. Regarding users, Avatrade has more than 500 000 registered clients globally.
| Broker | AvaTrade |
 FSCA regulated | Yes |
| Bonus | Yes |
 Trust Score | 94% |
| Live support | 24/5 |
 MetaTrader 4 (MT4) | Yes |
| MetaTrader 5 (MT5) | Yes |
 Trading Islamic Account | Yes |
| CFDs – Total Offered | 681 |
 Spreads | 0,9 pips |
| Withdrawal fee amount | Zero |
| Trading fees class | Very Low |
 Scalping Allowed | Yes |
| Open a account | Click Here |
| Pros |  Cons |
| Wide range of CFDs assets to trade – 1000+ | No Stock |
| Worldwide regulated | Cryptocurrency deposit is not accepted |
| Award winner | Quarterly and annual inactivity fees |
| Multiple platform – MT4, MT5, etc | Costumer support is not available 24/7 |
| Negative balance protection | No bonus for EU based clients |
Overall, XM can be summarised as a trustworthy broker that provides Contracts for Difference (CFDs) and low spreads on 1000+ trading instruments. XM is regulated by one tier-2 regulator and one tier-3 regulator. XM has a trust score of 96 out of 100.
| Broker | XM |
| Min. Deposit | $5 |
| Regulation | FSC / DFSA / CySEC / ASIC |
 Leverage | Up to 1:1000 |
 Trading Fee Class | No |
 Inactivity Fee | $5 |
 Withdrawal Fee | No |
 Demo Account | Yes |
| Open an Account | Click Here |
| Pros | Cons |
| Low stock CFD withdrawal fees | Limited product portfolio |
| Fast account opening | Average forex fees |
| Great educational tools | No investor protection for non-EU clients |
Overall, Pepperstone can be summarised as a trustworthy and worthwhile broker that is very competitive in terms of its trading fees (against major currency pairs). The spread is also very low and is considered average risk.
| Broker | Pepperstone |
| Regulation | FCA, ASIC and AFSL |
| AFSL No | 414530 |
| FCA no | 684312 |
 Demo Account | Yes |
| Minimum Deposit | $10 USD |
 Bonus | No |
 Islamic account | Yes |
| Institutional Accounts | Yes |
| Managed Accounts | Yes |
| Maximum Leverage | 1:200 |
| Open an Account | Click Here |
| Pros | Cons |
| Account opening is fast and fully digital | Only Forex, CFDs, and crypto |
| Majority clients belong to a top-tier authority | High bank withdrawal fee outside EU/Australia |
| Low Forex and equity index CFD fees | High financing rate for CFDs |
| Low non-trading fees | Basic news flow, no fundamental data |
Overall, XTB can be summarized as a trustworthy broker with a reputable reputation that provides Contracts for Difference (CFDs) and trading facilities on shares, forex, commodities, cryptocurrencies, ETFs, options, indices, and user-friendly trading conditions to a global market.
| Broker | XTB |
| Min. Deposit | None |
 Inactivity Fee | $10 USD |
| Demo Account | Yes |
 Spreads from | 0.1 |
| Commissions | Pro Account |
 Sign Up Bonus | Yes |
| Open an Account | Click Here |
| Pros | Cons |
| Lowest FX spreads | Does not accept U.S. clients |
| Regulated by FCA (U.K.) | Non-FX spread costs are high |
| Offers protection for client accounts | No guaranteed stop loss |
| Emphasis on customer service | No back-testing or automated trading capabilities |
Overall, Admiral Markets is considered a low-risk and can be summarised as a trustworthy and reliable Forex and CFD Broker. Admiral Markets guarantees fast trading speeds and FXCC has a trust score of 84 out of 100.
| Broker | Admirals |
| Min Deposit | $25 USD |
| Leverage from | 1:30 |
| Spreads form | 0.5 |
| Commission from | 0.02 |
| Islamic Account | Yes |
| Open an Account | Click Here |
| Pros | Cons |
| Segregates client funds | Inactivity Fee Charged |
Overall, FXTM can be summarised as a trustworthy broker that provides Contracts for Difference (CFDs) and low spreads on 250+ trading instruments. FXTM is regulated by one tier-1 regulator (highest trust), two tier-2 regulators (medium trust), and one tier-3 regulator. FXTM has a trust score of 92 out of 100.
| Broker | FXTM |
| Min Deposit | $10 USD |
| Demo Account | Yes |
 Inactivity Fee | Yes |
| Withdrawal Fee | Yes |
| Open an Account | Click Here |
| Pros | Cons |
| Excellent Customer Service | High CFD fees |
| Great Educational Tools | Inactivity Fee |
| Fast Account Opening | Withdrawal Fee |
Overall, FP Markets can be summarised as a safe broker that provides competitive spreads on Contracts for Difference (CFDs). It offers 8000+ tradable symbols with a trust score of 94 out of 100. FP Markets is fully regulated by one tier-1 regulator (highest trust score in the industry).
| Broker | FP Markets |
| Regulation | CySEC, ASIC, FSCA |
| Min Deposit | $100 USD |
 MT4 | Yes |
 MT5 | Yes |
| cTrader | Yes |
| Islamic Account | Yes |
| Demo Account | Yes |
| Segregated Accounts | Yes |
| Open an Account | Click Here |
| Pros | Cons |
| Low forex fees | Limited product portfolio |
| Easy account opening | Outdated web platform |
| Fast Funding | Outdated desktop platform |
Overall, CMC Markets can be summarised as a trustworthy broker that provides Contracts for Difference (CFDs) and low spreads. It is regulated by five tier-1 regulators (high trust) and one tier-2 regulator (average trust). It has a trust score of 99 out of 100.
| Broker | CMC Markets |
| Min. Deposit | $10 USD |
| Inactivity Fee | Yes |
| Demo Account | Yes |
| Base Currency | 10 |
| Open an Account | Click Here |
| Pros | Cons |
| Low forex fees | High stock CFD fees |
| Great mobile platforms | Only CFDs available |
| Advanced research tools | Customer support only 24/5 |
Overall, eToro can be summarized as a credible and trustworthy broker and is considered low-risk with competitive trading fees and spreads. Etoro has an overall trust score of 91 out of 99. eToro offers a world-class social trading platform with immediate order execution. One of the most regulated forex brokers in UK and the world.
| Broker | eToro |
| Regulation | FCA, ASIC, CySEC |
| Islamic account | Yes |
| Demo Account | Yes |
| Minimum Deposit | $50 USD |
| Institutional Accounts | No |
| Managed Accounts | Yes |
| Maximum Leverage | 20:1 |
| Open an Account | Click Here |
| Pros | Cons |
| Used by 6,000,000+ traders | Doesn’t allow scalping |
| Established in 2006 | Inactivity Fee |
| Regulated by FCA, CySEC, and ASIC | Limited range of instruments |
Interactive Brokers has a reputable reputation and offers traders user-friendly trading conditions. Interactive Brokers offers quality education material and research tools, Contracts for Difference (CFDs), and trading facilities on shares, forex, commodities, cryptocurrencies, ETFs, options, and indices to a global market.
| Broker | Interactive Brokers |
| Min. Deposit | $0 USD |
| Islamic Account | Yes |
| Demo Account | Yes |
| Max Leverage | 1:5 – 1:400 |
 Institutional Accounts | Yes |
 Managed Accounts | Yes |
| Open an Account | Click Here |
| Pros | Cons |
| Wide range of products | Limited Funding and Withdrawal Options |
| Highly regulated | Best suited to experienced traders |
| Trades on 80+ exchanges | Commission structure benefits high volume trades |
Now it is your turn to participate:
Which UK broker from this list do you intend to test out?
What was the determining factor in your decision to engage with a certain broker?
Was it because of the GBP (£) minimum deposit or the Pros and Cons?
Regardless, please share your thoughts in the comments below.
Traders need to understand and remember that CFDs are leveraged, complex products that may be accompanied by the risk of incurring losses that may exceed the initial deposit of the trader.
Traders need to ensure that they understand their risk exposure and they need to determine whether the risk involved is suited to them before making trading decisions that could result in loss of capital. Always look for a regulated forex broker operating in the UK.
According to our research of forex brokers in the UK, AvaTrade is the most popular broker choice in the United Kingdom.
A UK-regulated forex broker is one that holds a Financial Conduct Authority (FCA) license and is subject to its supervision, ensuring that the broker abides by stringent laws and regulations to safeguard traders. An unregulated UK forex broker may not adhere to the same requirements because they are not authorized or supervised by any regulatory body.
Non-UK residents are allowed to trade with UK brokers as long as they allow it. It’s important to remember that some brokers have requirements or restrictions for non-UK citizens, including higher minimum deposits or restricted access to certain features. Before opening an account, traders should confirm that they are eligible to open the account.
Most forex brokers in the UK offer a wide range of trading platforms. These include the popular MetaTrader 4 or MetaTrader 5 platforms as well as proprietary platforms that are developed by the broker. Some brokers offer web-based platforms, which do not require software downloads. They may also provide mobile trading apps to allow traders access their accounts while on the go. Some brokers offer more advanced trading platforms for professionals or traders who need sophisticated tools and features. When choosing a forex broker in the UK, it’s important to take into account the various trading platforms available. This will ensure that you are able to trade efficiently and effectively.
Many forex brokers in the UK provide customer service in several languages. Since the UK is a financial hub for the world, many forex brokers in this country cater to international clients.
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